Important: You have the legal right to repay a debt in full at any time. An early settlement can save you money because lenders are not legally allowed to charge you interest based on the loan term. Interest must be based on the amount owed.

Lenders communicate the cost of interest as an effective annual interest rate. Effective interest rates used by this calculator follow the Swiss model.

The calculator assumes that monthly repayments are made in arrears and that identical monthly repayments are made.

Results are calculated based on monthly repayments rounded to the nearest 5 centimes and on the amount of debt remaining. Due to rounding, results may differ minutely from actual amounts.

The monthly repayment for the last month is accounted for in the calculation of remaining debt. For example, if you select “12 months after issuance” under “early settlement”, the calculator assumes that you will have made 12 monthly repayments before settling your loan.

About moneyland.ch

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 80 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.